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Bitcoin Mining Difficulty Will See A Huge Increase - Here’s What It Means For BTC Price

What Does It Mean For BTC Price? This mining difficulty adjustment comes at a time when BTC bulls are attempting to give bitcoin new life. After consolidating just above $8K for a couple of days, BTC recently blew past $8,500, marking an eight-week high. The top crypto has gained 17.4 percent since January 1, despite a slow start to 2020. The mining difficulty increase and the high hash rate, though non-price metrics, indicate the overall good health of the network. The convergence of these network factors and bullish technical indicators all seem to suggest that the ongoing rally could only be getting started....